ARQIS accompanies urban air traffic control start-up on financing round

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ARQIS has advised Munich-based Urban Air Mobility start-up D3 Technologies AG on its Seed II funding round. Mobility players such as Vector Venture Capital GmbH as lead investor, SEK Ventures GmbH (founders of Flixbus), EIT KIC Urban Mobility, S.L. (an initiative of the European Institute of Innovation and Technology) and Mutschler Ventures AG are participating in the round of a total of 2.9 million Euro.

The deep tech start-up D3 Technologies develops the first integrated traffic management system for urban aviation. The goal is to provide the control infrastructure that enables the use of urban airspace as an additional transport modality, as planned for in the coming years by cities and drone manufacturers. According to estimates, the market for air taxis (VTOLs) will develop rapidly. A recent Roland Berger study predicts that up to 160,000 commercial air taxis will be in use by 2050. The UAM passenger industry will then generate revenues of almost USD 90 billion per year.

The investment will enable the start-up to build the first pilot application in 2021 in order to test its air traffic management solution. In 2022, D3 will equip first model regions with ground station, communication solution and on-board blue box (avionics). The founders expect the first commercial use case involving the transportation of people in 2024.

ARQIS has advised D3 Technologies AG since its foundation in 2019 by CEO Corvin Huber and already accompanied three previous financing rounds. In summer 2020, the Munich ARQIS team around Prof. Dr. Christoph von Einem assisted with a convertible loan.

Advisors to D3 Technologies AG
ARQIS Rechtsanwälte (Munich): Prof. Dr. Christoph von Einem (Lead Partner); Associates: Louisa Theresa Graf, Benjamin Bandur (all Transactions)

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